BioAmber Inc (fka BIOAQ)

[1manband]

That is how bankruptcy works. The company will be dissolved at the conclusion of the case.

If they were just liquidating assets and continuing as a going concern (which would have been impossible considering their massive amount of liabilities and secured debt), they would not have filed for bankruptcy. Under Delaware law, the Board of Directors could have approved a liquidation outside of bankruptcy.

But once you enter bankruptcy, it is all or nothing. Either all creditors are 100% satisfied, or the company is dissolved.